Sauces, Dressings and Condiments in Peru

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Executive Summary

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TRENDS

During 2016, sauces, dressings and condiments grew 4% in volume and 5% in value, boosted by cooking ingredients since consumers look for options to help speed up the cooking process in order to spend less time in the kitchen every day. However, growth in 2016 was similar to that of the previous year.

COMPETITIVE LANDSCAPE

Alicorp SAA is the leading company in sauces, dressings and condiments in 2016, with a 37% value share during 2015 and 2016, after accounting for 38% in 2014. The company lost share because it is limited to table sauces, which has lower growth than cooking ingredients. Its main brand is Alacena, and mayonnaise is its best-selling product.

PROSPECTS

Over the forecast period, sauces, dressings and condiments is expected to record a CAGR of 4% in volume and 5% in value in constant 2016 terms. The main reason for this increment is that Peruvians living in urban areas will have tighter schedules, turning to convenience and speed over freshness. This will mean that more consumers buy packaged products instead of unpackaged, and will even prefer to buy sauces and condiments than make them at home.

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